NevGold Intercepts 12.42 g/t AuEq Over 3.1 Meters (3.06% Antimony And 0.53 g/t Au) Within 3.30 g/t AuEq Over 32.0 Meters (0.63% Antimony And 0.87 g/t Au); Significant Oxide Gold-Antimony Mineralization Intercepted in All Step-out Drillholes at Bullet Zone

The news release dated February 10, 2026, reports further high-grade oxide gold-antimony intercepts from the Bullet Zone at the Limousine Butte (Limo Butte) project in Nevada. Specifically, hole LB25-019 returned 12.42 g/t AuEq (including 3.06% Antimony and 0.53 g/t Au) over 3.1 meters, nested within a wider interval of 3.30 g/t AuEq over 32.0 meters. These results are step-outs expanding the mineralization footprint 150 meters to the east. The company highlights that mineralization was intercepted in all 30 drillholes from the 2025-2026 program assays received thus far. Management is pivoting toward an initial Gold-Antimony Mineral Resource Estimate (MRE) and exploring near-term production scenarios using historical heap-leach pads which contain 2.4 to 3.0 million tonnes of material.

The news is Material - Positive. It marks a successful transition from a "discovery" phase (October 2025) to a "delineation" phase, confirming that the Bullet Zone has continuity and scale. - Mineralization Footprint: The expansion 150m to the east validates the geological model of mineralization existing beneath the "upper dolomite" unit, suggesting the potential for a significantly larger system than initially interpreted. - Strategic Commodity: The shift toward Antimony (Sb) is highly material. China restricted Sb exports in late 2024, driving prices up. NevGold is positioning Limo Butte as a domestic U.S. solution, potentially opening doors for Department of Defense (DoD) or Department of Energy (DoE) funding, similar to Perpetua Resources. - Production Optionality: The identification of 2.4-3.0M tonnes of mineralized material on historical leach pads (announced Jan 6, 2026) offers a low-CapEx route to near-term cash flow, which is rare for an exploration-stage junior. - Assay Consistency: Intercepting mineralization in 100% of reported step-out holes significantly de-risks the upcoming MRE.

NevGold is a U.S.-focused mineral explorer. Its flagship project is Limousine Butte in Nevada, a 65 sq km land package in the Carlin Trend. Originally acquired from McEwen Mining, the project was seen as a gold-only target until the 2025 discovery of the Bullet Zone, which revealed high-grade Antimony (Sb). Antimony is a critical mineral used in munitions, flame retardants, and grid-scale batteries. The company also holds Nutmeg Mountain (Idaho), which hosts a 1.7M oz Au resource, and the Zeus Copper Project (Idaho), contiguous to Hercules Metals.